Loan Comparison: 6.6% vs 6.5%
7831 Sangre De Cristo, Littleton, CO 80127 · 1bd/1ba · $650,000
List Price
$650,000
Assumable Rate
6.6%
Remaining Balance
$611,684
Equity Gap
$38,315
Loan Type
FHAAdjust Your Scenario
$32,500
$32,500$38,315
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.6% (FHA)
Blended Rate: 6.61%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,903/moAssumable @ 6.6% + gap loan
$3,947/moAssumed loan: $3,907/mo
Gap financing: $41/mo
Your Savings on This Property
7831 Sangre De Cristo, Littleton · 6.6% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($38,315) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($32,500, 5% of purchase price) and a second mortgage for the rest ($5,815 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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